Join us as we review the FP&A Learning System
in our weekly VLOG. This week, let's go through Chapter 7 - Financial Accounting & Reporting.
This week's question is:
What are debt covenants?
A. Restrictions imposed by boards of directors to protect the interests of shareholders
B. Restrictions imposed by shareholders to protect their interests.
C. Generally accepted debt ratios that should not be breached
D. Restrictions imposed by lenders to protect their interests
Watch the video to find out how to determine the solution, and get the correct answer.
Stay tuned for next week's video on Chapter 8 - Ratio Analysis.
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